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The Satoshi Project For Virtapay Virtual Currency - Business - Nairaland

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The Satoshi Project For Virtapay Virtual Currency by bola4dprec(m): 7:35pm On Jan 29
http:///mmydtxy click here
The Satoshi Project
As you may already know, we are planning to convert
VirtaPay into a crypto-currency, similar to Bitcoin. There
are compelling and exciting reasons for this change, as
explained in our last blog post.
Since the last blog post, we have been busy planning
the steps needed to convert VirtaPay into a crypto-
currency. We have named this effort the Satoshi Project
— in honor of Satoshi Nakamoto, the creator of Bitcoin.
Funding the Project
To complete the goals of the Satoshi Project will require
funding… and you can get rewarded in bitcoin or VP$ if
you contribute, or if you refer anyone who contributes to
the Satoshi Project. The contributions will be used…
to pay for programming the conversion to crypto-
currency
to promote the growth of VirtaPay
to help raise awareness of crypto-currencies
to invest in promising crypto-currencies
Your contributions can have a lasting impact, and may
help raise the value of your VirtaPay holdings both
before and after the conversion to crypto-currency.
120% Payouts and 1% Bonuses
You are guaranteed a 120% payout in either bitcoins
or VP$, for every contribution you make. First, your
contribution will be added to the current “contribution
round”. After a contribution round is fully funded, and
then reaches maturity (completing the goals of that
round), then all payouts for that round will be sent.
Whether or not you choose to contribute, you can earn
a 1% bonus, paid in bitcoins or VP$, for referring new
contributors to the project. In fact, if you have ever
referred someone using your referral link, then you
already have referrals for the Satoshi Project!
We plan to accept less than 100 contribution rounds
before the project is fully funded. Each round will have
strict limits for both contribution size and the number of
contributors allowed. The rounds will start small, but
eventually, we will allow larger contributions and more
contributors… as the Satoshi Project progresses.
Two Free Bitcoin Payments
We will soon send a bitcoin payment of 1 satoshi to
many of our existing users. A satoshi is the smallest
sub-unit of the bitcoin currency, it is 0.00000001
bitcoin.
In addition, we will award a bitcoin payment of 10
satoshi to all VirtaPay users who created their account
before Jan 25, 2014. If you qualify for this payment, the
link to claim it will be visible when you log in, on the
“My Account” page.
Why send these payments?
Here are a few reasons for these payments…
To test our bitcoin sending mechanism on a large
scale.
To raise awareness of the Satoshi Project.
To help you contribute. The minimum contribution
amount is 10 satoshi. So, if you qualify to receive the
10 satoshi payment, you can use it to contribute to
the Satoshi Project.
To give you some bitcoin to get started. Even if it is
a small amount, many of our users have never
owned bitcoin before!
We want you to think about the rise of virtual
currencies, and the role they will play in the world
economy in the near future.
http:///mmydtxy click here
 

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